Marmota Accelerates Greenewood Drilling with Over 10,000m Completed in Stage 2
Marmota Limited has successfully completed an expanded Stage 2 drilling program at its Greenewood gold discovery, pushing total drilling beyond 25,000 metres in under six months. The program continues to reveal high-grade gold intersections, reinforcing Greenewood’s status as a major new find in South Australia’s Gawler Craton.
- Stage 2 drilling expanded to 129 holes and 10,117 metres
- Total drilling at Greenewood now exceeds 25,000 metres in less than six months
- High-grade gold intersections confirmed near surface
- Assay results expected by end of January 2026
- Greenewood strategically located near Marmota’s Aurora Tank deposit
Rapid Progress at Greenewood
Marmota Limited (ASX, MEU) has announced the successful completion of Stage 2 of its maiden drilling program at the Greenewood gold discovery in South Australia. Originally planned for 85 holes and 8,500 metres, the program was expanded to 129 holes totaling over 10,100 metres, underscoring the company’s confidence in the prospect. This rapid pace of drilling has pushed total metres drilled at Greenewood to more than 25,000 in under six months, a remarkable acceleration compared to previous projects such as Aurora Tank.
Encouraging High-Grade Results
Stage 1 drilling had already delivered some of the best gold grades seen in the Gawler Craton since the 1995 Challenger discovery, with spectacular thick intersections including 33 metres at 10 grams per tonne gold from shallow depths. While assay results from Stage 2 are still pending, the expanded drilling footprint and continuity of high-grade zones bode well for a significant resource upgrade. Samples are en route to Adelaide laboratories, with results expected around the end of January 2026, though holiday season delays may apply.
Strategic Location and Synergies
Greenewood sits approximately 35 kilometres northwest of Marmota’s flagship Aurora Tank gold deposit and about 30 kilometres northeast of the Challenger Gold Mine, a historically prolific producer. The project is part of the Golden Moon Joint Venture, with Marmota holding a 90% stake. Its proximity to Aurora Tank offers potential economies of scale and operational synergies, particularly as Aurora Tank is already demonstrating promising metallurgy and potential for low-cost open-pit production.
Looking Ahead
Chairman Dr Colin Rose praised the drilling team’s efforts to complete the program ahead of the Christmas break, highlighting the company’s commitment to advancing Greenewood swiftly. With a maiden scoping study for the broader Gawler Gold project underway, Marmota is positioning itself to unlock value from a cluster of gold deposits along the Gawler Craton’s ‘arc of gold’. Investors will be watching closely for the upcoming assay results and resource updates to better understand the scale and quality of this emerging gold province.
Bottom Line?
As Marmota pushes forward with rapid drilling and resource evaluation, Greenewood’s assay results will be pivotal in defining its future as a cornerstone asset in the Gawler Craton.
Questions in the middle?
- What will the Stage 2 assay results reveal about the continuity and grade of gold mineralisation?
- How will the maiden scoping study integrate Greenewood with Aurora Tank and other nearby deposits?
- What are the timelines and capital requirements for advancing Greenewood towards production?
